Manage episode 366274668 series 3378373
“What people miss is this transition to what I believe is going to be a medium-term or even long-term supply shock in the commodities space,” says Josh Crumb, president and CEO of Abaxx Technologies. He explains that we’re entering a period of “structurally higher inflation” and “heightened volatility” that will lead to the fluctuation of gold prices. Additionally, the global commodity infrastructure is underinvested across the board, down from roughly $2 trillion a year to nearly $1.5 trillion even though demand is still growing. “We’re just chronically underinvested,” in a new environment with “higher volatility and higher interest rates,” he claims. “The capital is not hitting the market like it needs to,” he says. Finally, he discusses the future of the energy sector and how decarbonization finance could impact that space.
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